Alan Kroll Acquires Park Avenue Condo From Bruce Cohen For $12.75M
737 Park Avenue, New York City, New York 10021, United States
$12,750,000
$2,701/SF
Building Size
4,719 SF
Asset Type
—
Closing
Nov 14, 2021
About this deal
AI
Located in Lenox Hill, Manhattan, the property at 737 Park Avenue has changed hands in a recent transaction. The condominium, zoned as R10, R8B, and PI, was sold on November 15, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $12,750,000
- Address: 737 Park Avenue, Lenox Hill, Manhattan
- Square Footage: 4,719
- Price per Square Foot: $2,702
- FAR (Floor Area Ratio): 13.69
- Tax: 2
- Last Sale Price: $12,791,311 (10/07/2014)
The buyer of the property is Alan Kroll, while the seller is Bruce Cohen. The transaction price of $12,750,000 reflects a decrease from the previous sale price of $12,791,311 on October 7, 2014.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $12.8M for 4,719 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93